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Taiwan requires female board directors for listing

Taiwan's Financial Supervisory Commission (FSC) has required companies planning initial public offerings (IPOs) to have at least one woman on their board of directors. This is to boost gender equality among listed firms and could affect eleven companies planning IPOs on the Taiwan Stock Exchange (TWSE) and the Taipei Exchange (TPEX) this year. TWSE president Chien Lih-chung and TPEX chief executive officer Edith Lee said that six out of 32 firms planning to list on the TWSE and five out of 24 looking to debut their shares on the TPEX do not have female directors. They said that some firms are making contingency plans to meet the new requirement. The TWSE and TPEX are considering giving firms time to install female directors before the end of the year.

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